I'm amazed at all the whining on this board.
COLM's mgmt did not make any guarantees to anyone with
regard to an ROI. If you bought at 20-something and you
sold at 12-something then tough luck. It's not COLM's
job to make you money from quarter to quarter. Mgmt's
job is to run the company as profitably as possible.
They do not run the stock, the market does that. If
the market does not value the stock properly, take
advantage and buy more.
If you don't like mgmt-you
should have never purchased shares in the first place.
When you buy stock you are buying a business-business
is run by mgmt. What is there not to like about Ma &
Son. They make a quality product, keep expenses in
check and manage for the long term rather than the next
quarter. If more investors would manage their money the
same way, they would have as much of it as Ma Boyle
Writing (and communicating in general) correctly
and appropriately IS paramount in any business. If
you can't get your point across either through speech
or writing, you are incapable of positive results -
no one will understand you.
As for the head
of PR of a major retail firm, if HE can't write a
sentence correctly, how will he know if someone under him
Everyone should know how to write and speak correctly...
at least in business arenas. I'm no linguistic Nazi,
and it doesn't matter what you do in your private
life, but in a public forum communication is
You really might want to call him. He is a pretty
good guy who will give you an honest scoop on what's
up with the company. That is more than I can say for
a lot of the IR guys/gals I've talked to. He
typically picks up his own phone and is candid, concise and
open about the company, strategy, and any issues you
might raise. It is worth a call.
Can't believe how he went off! I just sent two
sentences saying I thought they could do a better job on PR
and that I wished the price were back over 20. He
must have overdosed on java.
I'm long 1400, so
I hope she goes back up!
To be fair, I
wouldn't want his job and I hope he can learn to pull his
punches a bit. I don't consider a reply like his PRIVATE.
of some kind (driven by understandable investor
frustration); if it is not, the PR person's response is bad
news in more ways than one (one = his bad grammar, but
bad grammar shouldn't surprise anyone these days):
his statement (if it's his) that the co's "marketing
strategy" is not targeting "individual investor" indicates
a confused understanding of both marketing and
investing. Fortunately, COLM's seamstresses are better at
their job. Good luck.
I have thoroughly enjoyed the posts on this
board. Not quite to the level of what I see on the
Berkshire Hathaway board, but entertaining
Most of you didn't have a clue of why you purchased
the stock several months ago except you either liked
the product or you purchased Columbia products in the
past. I like Hershey's candy bars and I have and will
continue to buy their products, however, I don't own the
stock. Why? Because the value is less than the price.
Only when value exceeds price do I buy.
first purchased COLM at 12.5, then sold at 21 60 days
later. That's because I felt the value was higher than
12.5 and close to 21. Value is what good investors
usually look for. Not some PR department that is willing
to prop up the price of the stock until reality
finally catches up. There are several case in
points--does Sunbeam come to mind?
Everyday, Mr. Market will give you a quote for what it
thinks the business is worth. As Buffett says "take
advantage of Mr. Market but don't take his advice." The
problem, is not that the PR dept is inept. The problem is
that you had no clue what the value of COLM was when
you purchased it at $20+. The value of COLM has
hardly changed at all in the last few months. However,
the price has been all over the place.
pull your head out and learn to invest. Otherwise, put
it in a mutual fund. And of course, remember don't
let the fools and Wall Street fool you.
Do you have any knowledge on how the
market works. It reacts to news and positive earnings
reports. Columbia is hardly in the press, never a
commercial, or a mention. They need to make themselves high
profile. The higher the share price the easier the copany
can raise capital and expand. Mngt is entirely at
fault here. I am in this stock @ 24, 18, and 14 and
will wait another for a rebound before I have to bail.
Why even invest in a company like this if they never
will push the shares up to a value for the holder.
This is below the IPO price!
This is an over reaction to Tim's tenative
comments about domestic winter gear. In fact, the first
quarter expectations were lowered at Zacks to -.01/shr.
The company will beat that number. I agree that a
little PR wouldn't hurt, and clearly the company has an
obligation to create shareholder value. Remember, Tim and
Gert have a shit load of shares. Share price = wealth
for them too. If we get below 12 I'll buy some more.
I think the stock will drift its way to the 17
range before the next earnings announcement. I don't
see sustained trading over the mid 20s for some time.
I really think this is a slam dunk below 12.
shit pal. It's definately management's
responsibility to look after the share holder. They incured this
responisibility when they went public and sold common shares to
common folk. If it's not management's responsibility,
then who's is it? Not mine pal, it's Ma's. This stock
is a good buy in the single digits, and it's only
been there once, but it looks like it will be there
~Regards and Happy Trading